H&M Eyes New Online Markets as Profit Jumps

STOCKHOLM—Hennes & Mauritz AB plans to accelerate the pace of its online rollout to capitalize on an expected surge in e-commerce in the coming years, the Swedish fashion retailer said Wednesday, as it reported strong profit growth for the second quarter.

After a slow start to its online operations, hurt by technical glitches, the cheap-and-chic clothing brand plans to open in eight to 10 new online markets next year, following an expansion this fall into China, Spain and Italy that will take the number of its...